PJSC MMC Norilsk Nickel announced its consolidated financial results for the first half of 2025. The company's revenue amounted to $6.5 billion, which is 15% more than in the same period of 2024. The growth is associated with an increase in metal sales and the resolution of logistical problems.
EBITDA increased by 12% to $2.6 billion. Profitability remained high at 41%. Capital investments increased by 15% to $1.1 billion. These funds are directed to environmental projects, infrastructure modernization and equipment upgrades.
The company's net debt reached $10.5 billion, which is 22% more than at the beginning of the year. This is due to the revaluation of the ruble part of the debt due to the strengthening of the ruble exchange rate. At the same time, free cash flow almost tripled to $1.4 billion.
On August 1, Nornickel placed exchange-traded bonds for $975 million. These funds will be used to refinance current obligations.
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